Tech Guy Opening Grain Calls 8/10/25

Sep Wheat - 0.50 Higher

Dec Corn - Steady to 0.50 Lower

Dec Bean Oil - 0.37 Higher

Nov Beans - 0.50 to 1.00 Lower

Crude price - 63.58, 0.30 Lower

S&P price - 6417.40, 4.00 Higher

Brazil:

Brazil’s soybean production has doubled in the last 20 years, but its corn production has tripled. Twenty-five years ago, Brazil was a net importer of corn. During the 2023-24 marketing year, for the first time ever, the U.S. was not the world’s leading corn exporter; Brazil was. What made Brazil the world’s number 2 corn producer? Asian Leaf Rust.

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